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October 2018 Archives

Dividing retirement accounts in a later-in-life divorce

Divorce can complicate the retirement plans of Illinois spouses who decide to separate later in life. The phenomenon of "gray divorce" continues to rise across the country. While there are multiple factors leading to a higher likelihood of later-in-life divorce, these separations can be accompanied by additional financial concerns.

What happens to your stock during a divorce?

Divorce with high-assets can be hard to navigate. If you and your ex have considerable finances and resources, it can take a long time to figure out how best to divide everything. When other investments come into play, such as stocks and bonds, this can further complicate the process as it adds another layer of complexities to the situation.

The complicated relationship between money and divorce

The relationship an Illinois spouse has with money has a good chance of bleeding into their personal relationships. Financial issues provide a significant source of marital distress. A survey of 2,000 adults conducted by a bank reported that 35 percent of respondents admitted that money caused strain in their relationships. Other research has found links between divorce and credit scores or income.

Trucking accident fatality rate increases in 2017

Truck accidents can be particularly frightening for drivers, pedestrians and others on the roads in Illinois. Because commercial trucks and tractor-trailers are so large, their size and weight present a serious threat. People in passenger cars and other smaller vehicles are far more likely to face severe injuries or death. While the overall trend in motor vehicle accident deaths has gone downward, fatalities in truck crashes have continued to rise.

The relationship between industry and marriage

Illinois residents might be surprised to find out that the industry they work in could potentially predict if they get a divorce in the future. According to a study from Stockholm University, certain fields carry a higher risk of divorce, particularly those that include a lot of socializing and are dominated by members of the opposite sex, such as restaurants and hotels.

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